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Disney's New CEO Decides to Keep ESPN After Looking At Spinning It Off Into Its Own Company
Disney will keep ESPN as a core asset and keep selling it through cable, streaming bundles and a standalone service, with partners still possible.
- On Tuesday, The Walt Disney Company confirmed it will retain ESPN, ending years of spinoff speculation in one of the first major strategic moves under new CEO Josh D'Amaro.
- Mounting pressures from the cord-cutting wave across the cable industry drove years of debate regarding network value, as investors and analysts argued the declining business dragged on Disney's valuation.
- The sports segment generated roughly $17.7 billion in revenue last year, accounting for roughly 19% of Disney's $94.4 billion total company revenue.
- Disney will continue distributing ESPN via traditional cable bundles starting at roughly $75 per month, while streaming options include bundles with Hulu and Disney+.
- Management may explore bringing in strategic partners to take minority stakes, following the 10% stake sale to the NFL last year.
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Disney's New CEO Decides to Keep ESPN After Looking At Spinning It Off Into Its Own Company
Disney has opted to retain full ownership of ESPN rather than pursue a spin-off or sale of the prominent sports media network, marking one of the initial strategic moves under new chief executive Josh D’Amaro, according to a report from Business Insider. This choice reflects the company’s broader emphasis on integrating its traditional television assets […] The post Disney’s New CEO Decides to Keep ESPN After Looking At Spinning It Off Into Its …
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Total News Sources17
Leaning Left2Leaning Right5Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 20%
C 30%
R 50%
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